US Congress Senate Bill 552 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 21-1)
Status: Introduced on March 7 2017 - 25% progression, died in committee
Action: 2017-03-07 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Justice for Victims of Fraud Act of 2017 This bill amends the Truth in Lending Act and the Electronic Fund Transfer Act to prohibit predispute arbitration agreements with consumers (i.e., agreements to arbitrate any future disputes between parties instead of pursuing the claims in court) from being valid or enforceable in disputes related to credit card accounts or personal bank accounts that are not subject to a final judgment by a court if the credit card or bank account was not issued in response to a request or application for that account. The bill excludes from this prohibition accounts held by a financial institution pursuant to a bona fide trust agreement.

Justice for Victims of Fraud Act of 2017

Sen. Sherrod Brown [D-OH]	Sen. Patrick Leahy [D-VT]	Sen. Patty Murray [D-WA]	Sen. Ron Wyden [D-OR]
Sen. Richard Durbin [D-IL]	Sen. Jack Reed [D-RI]	Sen. Robert Menendez [D-NJ]	Sen. Bernard Sanders [I-VT]
Sen. Robert Casey [D-PA]	Sen. Sheldon Whitehouse [D-RI]	Sen. Mark Warner [D-VA]	Sen. Jeff Merkley [D-OR]
Sen. Al Franken [D-MN]	Sen. Richard Blumenthal [D-CT]	Sen. Brian Schatz [D-HI]	Sen. Mazie Hirono [D-HI]
Sen. Elizabeth Warren [D-MA]	Sen. Heidi Heitkamp [D-ND]	Sen. Chris Van Hollen [D-MD]	Sen. Catherine Cortez Masto [D-NV]
Sen. Dianne Feinstein [D-CA]	Sen. Kirsten Gillibrand [D-NY]

Date	Chamber	Action
2017-03-07	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB1414 (Related) 2017-03-07 - Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/552/all-info
Text	https://www.congress.gov/115/bills/s552/BILLS-115s552is.pdf